Duality Advisers LP Has $336,000 Position in Landstar System, Inc. (NASDAQ:LSTR)

Duality Advisers LP lowered its position in Landstar System, Inc. (NASDAQ:LSTR) by 86.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,733 shares of the transportation company’s stock after selling 11,061 shares during the quarter. Duality Advisers LP’s holdings in Landstar System were worth $336,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of LSTR. Larson Financial Group LLC acquired a new stake in shares of Landstar System during the 3rd quarter worth about $49,000. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Landstar System by 126.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 565 shares of the transportation company’s stock worth $100,000 after buying an additional 315 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Landstar System by 17.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 616 shares of the transportation company’s stock worth $119,000 after buying an additional 92 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Landstar System by 18.7% during the 4th quarter. Blue Trust Inc. now owns 755 shares of the transportation company’s stock worth $134,000 after buying an additional 119 shares during the last quarter. Finally, Douglas Lane & Associates LLC acquired a new stake in shares of Landstar System during the 4th quarter worth about $201,000. Institutional investors and hedge funds own 97.95% of the company’s stock.

Wall Street Analysts Forecast Growth

LSTR has been the subject of a number of research reports. Wells Fargo & Company raised their target price on shares of Landstar System from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Friday, February 2nd. UBS Group raised their price target on shares of Landstar System from $175.00 to $200.00 and gave the stock a “neutral” rating in a research report on Friday, February 2nd. Stifel Nicolaus lowered their price target on shares of Landstar System from $171.00 to $166.00 and set a “hold” rating on the stock in a research report on Friday, February 2nd. Susquehanna lowered their price target on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Wolfe Research raised shares of Landstar System from a “peer perform” rating to an “outperform” rating and set a $205.00 price target on the stock in a research report on Wednesday, January 10th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Landstar System currently has an average rating of “Hold” and a consensus target price of $184.09.

Insider Activity at Landstar System

In related news, VP Michael K. Kneller sold 12,219 shares of Landstar System stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $190.30, for a total transaction of $2,325,275.70. Following the sale, the vice president now directly owns 61,127 shares in the company, valued at approximately $11,632,468.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.00% of the stock is currently owned by insiders.

Landstar System Price Performance

LSTR stock opened at $177.26 on Friday. The company has a quick ratio of 2.00, a current ratio of 2.22 and a debt-to-equity ratio of 0.04. Landstar System, Inc. has a 12 month low of $161.13 and a 12 month high of $208.62. The firm has a market cap of $6.34 billion, a P/E ratio of 27.27, a P/E/G ratio of 4.68 and a beta of 0.83. The company’s 50-day moving average price is $184.33 and its two-hundred day moving average price is $183.48.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.04. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.12 billion. Landstar System had a net margin of 4.63% and a return on equity of 23.11%. On average, analysts anticipate that Landstar System, Inc. will post 6.71 earnings per share for the current fiscal year.

Landstar System Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Wednesday, May 8th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Tuesday, May 7th. Landstar System’s dividend payout ratio (DPR) is presently 20.31%.

About Landstar System

Landstar System, Inc provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. It operates through two segments: Transportation Logistics and Insurance. The Transportation Logistics segment offers a range of transportation services, including truckload and less-than-truckload transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, U.S.-Canada and U.S.-Mexico cross-border, intra-Mexico, intra-Canada, project cargo, and customs brokerage, as well as offers transportation services to other transportation companies, such as third party logistics and less-than-truckload services.